Sector: Cannabis

Cresco Labs (CRLBF) is set to report its Q2 earnings on August 21 after the market closes. The company's stock fell 5.3% yesterday.

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

Since Andrew Yang announced his presidential run, he's advocated for cannabis legalization. He says existing cannabis policies are "deeply racist."

Despite Aurora Cannabis providing higher-than-expected guidance for fiscal 2019's fourth quarter early this year, its stock has fallen 25.6% this month.

Tilray (TLRY) shared its strategy to capture the cannabis vape market, which will include breaking down vaping products into three subcategories.

Canopy Growth’s weak results weighed on the entire cannabis sector. Most of the cannabis stocks were in the red on Thursday.

Currently, Tilray is trading 27% higher than its 52-week low of $27.65. The stock is trading at a discount of 88.3% from its 52-week high of $300.

Canopy Growth's ex-CEO, Bruce Linton, increased his investment in the company. Linton stated that he's still positive about the company's future.

Aurora Cannabis (ACB) announced that it's increasing its secured credit facility to 360 million Canadian dollars from $200 million Canadian dollars.

Canopy Growth admitted that the losses were due to upfront capital investments in Canada and Europe. The investments were made to "generate future value."